On Monday, Canadian stock markets were closed for the Thanksgiving holiday.
In Tuesday trading, Viper Gold (TSX: V.VPR, Stock Forum) shares climbed 32% to 25 cents after the micro cap explorer reported assay results of 39 grab samples taken from the Campbell Lake Property in northeastern Ontario. Grab samples from Campbell Lake quartz vein assayed up to 1,721 grams per tonne (g/t) gold and 3,582 g/t silver. Gold mineralization was also identified in grab samples over a full 175 metre strike length of the Campbell Lake quartz vein.
As well, shares of Auryx Gold (TSX: T.AYX, Stock Forum) shot up 54% to 71 cents as the junior miner and B2Gold (TSX: T.BTO, Stock Forum) announced that they have signed a binding agreement to combine the two companies at an agreed exchange ratio of 0.23 B2Gold shares plus a cash payment of $0.001 for each Auryx share held, which represents a purchase price of about 88 cents per Auryx share, or a total consideration of approximately $160 million.
Wednesday’s market action saw shares of Alix Resources (TSX: V.AIX, Stock Forum) jump 36% to 17 cents after the micro cap miner reported results from 2011 drilling at the Golden Zone Breccia Pipe deposit at its gold-silver-copper property in Alaska, which included 256.0 meters grading 1.50 grams per tonne (g/t) gold, 12.15 g/t silver, and 0.11% copper.
Also, shares of First Uranium Corporation (TSX: T.FIU, Stock Forum) moved up 35% to 31 cents as the miner said uranium production rose 76.8% from 20,361 pounds in Q1 2012 to 36,006 pounds in Q2 2012, while gold sales increased 17.7% from 34,438 ounces in Q1 2012 to 40,529 ounces in Q2 2012.
On Thursday, Volta Resources (TSX: T.VTR, Stock Forum) shares surged 15% to $1.32 after the gold junior reported additional drill results from its on-going program (Phase 3) at its Kiaka Gold Project in Burkina Faso, which included 121.15 metres of 2.10 grams per tonne (g/t) gold.
In addition, shares of Curis Resources (TSX: T.CUV, Stock Forum) gained 24% to $1.52 as the mineral development company announced results from drill hole CMH11-06 completed at the Florence Copper project in Arizona, which included 329.3 feet of 0.58% total copper.
And, in Friday trading, PMI Gold (TSX: V.PMV, Stock Forum) shares powered 78% higher to $1.03 after the gold junior announced a 270% increase in the NI 43-101 gold resources for its flagship Obotan Gold Project in Ghana, West Africa, to 1.22 million ounces Measured, 2.00 million ounces Indicated, and 1.29 million ounces Inferred. The company added that this paves the way for completion of a Pre-Feasibility Study on a gold mine development by the end of this year. For more insight into the PMI Gold story please read Friday’s article by Thom Calandra.
Finally, shares of Kilo Goldmines (TSX: V.KGL, Stock Forum) rose 25% to 20 cents as the micro cap explorer reported results from four diamond drill holes and four trenches on its Canal Prospect, Somituri Project in Democratic Republic of Congo, which included 7.71 grams per tonne (g/t) gold over 12.6 metres.